Peraton

Peraton is a privately held American technology company formed in 2017,[1] with corporate headquarters in Herndon, VA. Its areas of service include space, intelligence, cybersecurity, defense, homeland security, and health.[2] The company's applied research organization, Peraton Labs, is headquartered in Basking Ridge, New Jersey.[3]

Peraton
TypePrivate
Founded2017
HeadquartersHerndon, Virginia, U.S.
Key people
Stu Shea, chairman, president, CEO
Number of employees
>22,000 (2021)
Websitewww.peraton.com

Peraton was formed by parent company Veritas Capital from the acquisition of Harris Corporation's government IT services division, and Peraton purchased Perspecta in May 2021 for $7.1 billion.[4] Veritas also purchased Northrop Grumman's federal IT division in 2021.[5] In 2021 the company had more than 150 offices across the United States.

The company plans to move its headquarters from Herndon to Reston Town Center in Reston in 2022.[5] As of 2021, Peraton employed over 5,000 people in the D.C. area and over 22,000 employees total worldwide.[6]

Peraton says its name is "a construct of the prefix per, which means thoroughly, and the word imperative, reflecting the importance of its customers' missions".[5]

History

In 2017, the New York-based private-equity firm Veritas Capital acquired the government IT services division of Harris Corporation, and renamed it as Peraton.[7] In 2019, Peraton acquired Solers, Inc., terms of the acquisition were not disclosed.[8] In 2021, Veritas acquired the federal IT and mission support business of Northrop Grumman for $3.4 billion in cash and placed it within the Peraton subsidiary. In May of 2021, Perspecta (a 2018 merger of DXC Technology's U.S. Public Sector spin-off, Vencore, Inc., and KeyPoint Government Solutions),[9] was acquired by Veritas for $7.1 billion and also placed under Peraton.[10]

References
  1. "Perspecta, now under Peraton, lands $473.8 million agreement". Virginia Business. 18 May 2021. Retrieved 2021-12-25.
  2. "Peraton Company Overview" (PDF). Retrieved August 24, 2021.
  3. "About". Peraton Labs. Retrieved 2021-08-24.
  4. "Peraton". Georgia Cyber Center. Retrieved 2021-12-25.
  5. "Fast growing IT contractor Peraton moving to new HQ in Reston". WTOP News. 2 December 2021. Retrieved 2021-12-25.
  6. "Aerospace firm Peraton wins $50M contract extension for CF-18 support". Ottawa Business Journal. Retrieved 2021-08-24.
  7. "Harris Corporation Completes Sale of its Government IT Services Business to Veritas Capital". 28 April 2017. Retrieved August 24, 2021.
  8. "Peraton to Acquire Solers, Inc". 17 June 2019. Retrieved August 24, 2021.
  9. Terry, Robert J. (June 1, 2018). "Perspecta debuts on the New York Stock Exchange, unveils board of directors". American City Business Journals.
  10. "Veritas Capital Completes Acquisition of Perspecta". 6 May 2021. Retrieved August 24, 2021.
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